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April 19, 2010

High Yield Savings

The average rate of interest on high yield savings is currently hovering at a little over 1-percent. Unless you are able to deposit $100,000 or more, it will be difficult to obtain a decent return on investment. However, with an hour or so of online research, you can compare nationwide and local banks to determine which offers the highest annual percentage yield (APY).

The most trusted source for high yield savings comparison is When comparing savings account providers it is important to look for FDIC insured banks with a minimum 3-star rating. The higher the rating, the less risk there is bank failure

Real Estate Investing article on "High Yield Savings"